Vivant Energy Corp., a fully-owned subsidiary of Vivant Corp., has finalized a loan agreement with Metropolitan Bank and Trust Co. (MetroBank) amounting to up to P3.5 billion.
This financial arrangement with Metrobank, following a similar agreement with BDO Unibank Inc., is designated to provide funds for Vivant Energy’s power projects and various expenditures.
The loan will play a key role in supporting the company’s investments in power generation initiatives and meeting other capital expenditure needs.
The disclosed loan facility agreement with Metrobank is a significant step in advancing Vivant Energy’s commitment to its power-related ventures and financial obligations.
Recently, COREnergy Inc., the retail energy arm of Vivant Corporation, has inked a significant 20-year power supply agreement with Samal Solar Renewable Energy Corporation (SSREC).
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